JAMB Economics Past Questions & Answers - Page 68

336.

A  capital market differs from the money market in that in the former ________?

A.

The percentage of interest charged is more

B.

Loan sought is long term

C.

Loan repayment is guaranteed

D.

Loan sought is short-term

Correct answer is B

Basically the difference between the capital markets and money markets is that capital markets are for long term investments, companies are selling stocks and bonds in order to borrow money from their investors to improve their company or to purchase assets. Whereas money markets are more of a short term borrowing.

337.

An economy in which both the public and private sectors contribute to economic growth is a__________?

A.

Socialist economy

B.

Feudal economy

C.

Mixed economy

D.

Capitalist economy

Correct answer is C

No explanation has been provided for this answer.

338.

The transfer of public share holding in corporations to private enterprise is___________?

A.

Incorporation

B.

Concession

C.

Privatization

D.

Commercialization

Correct answer is C

No explanation has been provided for this answer.

339.

The labour force of a country is determined by the___________

A.

Geographical distribution of the population

B.

Age structure of the population

C.

Number of people available for work

D.

Sex distribution of the population

Correct answer is B

No explanation has been provided for this answer.

340.

An ad valorem tax is imposed on_____?

A.

Exports

B.

Imports

C.

The Value of a Commodity

D.

Special Commodities

Correct answer is C

An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT).